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    IL 60441 Lemont Rd Homer Gln Lockport, IL 60491

    Sponsored
    For Sale
    $600,000

    1.02-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1.02-acre commercial land parcel presents a unique investment opportunity in Homer Glen, Illinois. Located at the hard corner of a lighted intersection on Lemont Road, this property boasts unparalleled visibility and accessibility. Its strategic position offers proximity to the I-355 on/off ramp, providing convenient access to major transportation arteries. The site is also advantageously situated near significant industrial distribution and warehousing facilities, creating a synergistic environment for various commercial ventures. The surrounding area is characterized by a high average household income, indicating a strong and affluent consumer base. Furthermore, the property is enveloped by a dense residential population, ensuring a readily available customer pool. The asking price for this highly desirable commercial land is $600,000. This 1.02-acre lot in Will County, with its address listed as Lemont Rd Homer Glen, IL 60491 (zip code 60491), presents a compelling opportunity for developers and investors seeking a prime location in a thriving market. The property's location in Homer Glen, IL, near Lockport, offers significant potential for a variety of commercial uses.

    Property Features for IL 60441 Lemont Rd Homer Gln

    General Information

    Property type
    Land
    Lot Size
    44,431 SF

    HighLights

    • 1.02‑acre commercial land parcel in Homer Glen, IL, priced at $600,000.
    • High‑visibility corner lot at a lighted intersection on Lemont Road.
    • Excellent access to I‑355 on/off ramp.
    • Proximity to industrial distribution and warehousing facilities.
    • Located in a high‑income residential area with strong consumer base.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -87.998653024777
    Latitude
    41.627650180938

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    FAQs

    What type of property is this?
    Land - 1.02-acre commercial lot, prime location.
    Where is this land located?
    The property is located at IL 60441 Lemont Rd Homer Gln Lockport, IL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 1.02-acre commercial land parcel in Homer Glen, IL, priced at $600,000.; High-visibility corner lot at a lighted intersection on Lemont Road.; Excellent access to I-355 on/off ramp.
    (847) 384-2840
    Request Owner's contact information
    IL 60441 Lemont Rd Homer Gln Lockport, IL 60491
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    IL 60441 Lemont Rd Homer Gln Lockport, IL 60491
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